Increasing inclination towards organic personal care products is one of the significant factors influencing the industrial growth.
Market Size – USD 1.55 Billion in 2021, Industrial growth – CAGR of 6.3%, Market Trends – Rising health issues owing to sugar consumption.
The global sorbitol market is expected to reach USD 2.67 Billion by 2030. Increasing inclination towards organic cosmetic products is anticipated to drive industrial growth. Sorbitol is used in cosmetics as a humectant as well as a thickening agent, among others. As a humectant ingredient, it checks the moisture loss by drawing water from the air through osmosis, therefore maintaining both the skin and the hair’s moisture level. Moreover, it gains frequent use in gel products, owing to its capacity to retain moisture. It is used widely in cosmetics as a thickening agent due to its ability to give favored features such as consistency, viscosity, or adhesion to the products.
The surging growth of the food & beverage is playing a significant role in boosting industrial demand. Sorbitol also finds usage in the making of baked goods, confectionery, and chocolate, wherein the manufactured goods tend to harden or become dry owing to their property to retain the product’s moisture content. Its moisture-stabilizing features help maintain the initial freshness of the manufactured goods during storage, thereby increasing their shelf life. Additionally, sorbitol is very stable as it can bear high temperatures. It is compatible with other food ingredients, including sugars, gelling agents, proteins, and vegetable fats, as well as other kinds of sweeteners.
Furthermore, the increasing demand for sorbitol in personal care products is expected to impact industrial growth. It is mostly in toothpaste and mouthwash products as a moistener as well as a binding agent.
Key participants include America International Foods Inc., Archer Daniels Midland, Cargill Inc., DuPont, Merck KGaA, SPI Pharma, Roquette Frères, Tereos Starch & Sweeteners, Ecogreen Oleochemicals Pte. Ltd., and Gulshan Polyols Ltd., among others.
To understand how our Sorbitol Market can bring difference to your business strategy:– https://www.reportsanddata.com/download-summary-form/2457
Further key findings from the report suggest
Product Type Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
End-use Channel Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
Key Advantages of Sorbitol Report:
Browse More Reports:
Network Slicing Market Size, Share, Trends, By Component Type (Solutions, Services), By Type (Vertical, Horizontal), By Application (Remote Monitoring, Real-Time Surveillance, Supply Chain Management), By End-use, and By Region Forecast to 2030
Cold Chain Market Size, Share, Trends, By Type (Refrigerated Transportation, Refrigerated Warehouse), By Technology (Blast Freezing, Vapor Compression, Evaporative Cooling), By Application, and By Region Forecast to 2030
Electric Vehicle Battery Management System (EVBMS) Market By Type, By Vehicle Type, By Application (Voltage Monitoring, Temperature Censor, Current Management, Discharge Monitoring, Others), and By Region Forecast to 2030
Media ContactCompany Name: Reports and DataContact Person: John WatsonEmail: Send EmailPhone: +1-212-710-1370Address:40 Wall St. 28th floor City: New York CityState: NY 10005Country: United StatesWebsite: https://www.reportsanddata.com/report-detail/sorbitol-market